RBA keeps interest rates at record low and Melbourne ordered back into lockdown | Finance Report

The Reserve Bank has kept official interest rates at a record low of 0.25 per cent. And RBA governor Philip Lowe noted the economy will need help for some time. Australian shares have pulled back in late trade after fears about the impact of the reimposed coronavirus restrictions in Melbourne rattled markets. Phillip Lakser has … Read more RBA keeps interest rates at record low and Melbourne ordered back into lockdown | Finance Report

Australian shares struggle for direction, despite strong gains across US and Europe | ABC News

The Australian share market was struggling and directionless for most of the day, despite strong gains across US and European markets. The ASX 200 lifted by 0.2 per cent to close at 5,966 points on Wednesday. Alan Kohler has today’s finance report. Read more of the ABC’s business coverage here: https://www.abc.net.au/news/business/ For more from ABC … Read more Australian shares struggle for direction, despite strong gains across US and Europe | ABC News

Australian shares rise for seventh day in a row | Finance Report

The Australian share market has closed higher for its seventh consecutive session, making a small gain despite falls for mining, bank and energy stocks. Alan Kohler has today’s finance report. Read more of the ABC’s business coverage here: https://www.abc.net.au/news/business/ For more from ABC News, click here: https://ab.co/2kxYCZY You can watch more ABC News content on … Read more Australian shares rise for seventh day in a row | Finance Report

Rally for major bank stocks leads Australian shares higher | Finance Report

Surging bank stocks boosted the Australian share market, following similar moves on Wall Street overnight, but the benchmark index closed off the highs of the session. Read more here: https://www.abc.net.au/news/2020-05-28/big-banks-rally-leading-gains-on-asx-insurances-claims-top-$5b/12294786?section=business For more from ABC News, click here: https://ab.co/2kxYCZY You can watch more ABC News content on iview: https://ab.co/2OB7Mk1 Subscribe to us on YouTube: http://ab.co/1svxLVE Go … Read more Rally for major bank stocks leads Australian shares higher | Finance Report

Banks prop up Australian market as residential construction tumbles | Finance Report

Australian shares have closed lower, with sharp falls for healthcare and mining stocks, as investors piled into the big four banks. Meanwhile, residential construction has dipped since the start of COVID-19, with the Government considering housing grants to prop up the industry. Read more here: https://www.abc.net.au/news/2020-05-27/mining-and-health-care-drag-asx-down-despite-bank-surge/12289752?section=business For more from ABC News, click here: https://ab.co/2kxYCZY You … Read more Banks prop up Australian market as residential construction tumbles | Finance Report

Australian shares jump to 11-week high as investors hope for COVID-19 recovery | Finance Report

The Australian share market jumped to a fresh 11-week high, as investors continue to be fairly optimistic about the economic recovery from coronavirus. Consumer sentiment has rebounded, though it remains below the long-term average, and tourism stocks have seen a bump after the Treasurer signalled there could be more government assistance. Read more here: https://www.abc.net.au/news/2020-05-26/asx-11-week-high-covid19-coroanvirus-economic-recovery/12285702?section=business … Read more Australian shares jump to 11-week high as investors hope for COVID-19 recovery | Finance Report

Local markets sag on back of China trade and fears of ‘second wave’ | Finance Report

Australian shares have fallen sharply after a jump in COVID-19 cases in South Korea and Germany rattled investors and led to a mixed performance across global markets. The dollar also dipped after China announced it was suspending beef imports from four Australian abattoirs Read more here: https://www.abc.net.au/news/2020-05-12/wall-street-nasdaq-asx-fall-rising-coronavirus-covid19-cases/12237164?section=business For more from ABC News, click here: https://ab.co/2kxYCZY … Read more Local markets sag on back of China trade and fears of ‘second wave’ | Finance Report

Life inside COVID-19 hotel quarantine: Australian shares her journey home from Colombia | The Drum

Australians are continuing to return home from abroad and being put into hotels under strict quarantine. Journalist Chloe Cann was exploring South America with her partner when the borders started to close around her. Six days ago she touched down in Australia. She spoke with reporter Stephanie Boltje from her Brisbane hotel room about her … Read more Life inside COVID-19 hotel quarantine: Australian shares her journey home from Colombia | The Drum

Australian shares buck global trend, jumping 4.3 per cent | Finance Report

The sharemarket surged 4.2 per cent today, getting it back to where it was on Wednesday, and actually back to where it was in the middle of March. The sharemarket has stabilised over the past couple of weeks, following the 20 per cent rally from March the 23rd. Read more here: https://www.abc.net.au/news/2020-04-06/asx-jumps-australian-share-market-coronavirus-slowing-pandemic/12124560?section=business For more from … Read more Australian shares buck global trend, jumping 4.3 per cent | Finance Report

ASX finishes higher after huge rebound in final hour | ABC News

Futures on Wall Street are pointing to a positive session for US shares tonight, but there are still signs of market stress. While Australian shares finished higher today, it’s been one of the worst weeks on record. Read more here: https://ab.co/3aNilZO For more from ABC News, click here: https://ab.co/2kxYCZY You can watch more ABC News … Read more ASX finishes higher after huge rebound in final hour | ABC News

ASX plunges further after US announces Europe travel ban | ABC News

About $130 billion dollars has been wiped off the value of Australian shares after the US President banned travellers from Europe to the US. The Australian share market fell 7.5 percent at one stage before recovering a little to still finish more than 6 percent lower. Read more here: https://ab.co/3aPowwM For more from ABC News, … Read more ASX plunges further after US announces Europe travel ban | ABC News

All Ordinaries up despite coronavirus fears | Finance Report

The All Ordinaries index rose another half a per cent to 7080.9 today. When the Chinese government revealed the coronavirus outbreak in Wuhan on January 7, it was 6943.5, so while there’s been a lot of worried talk about the potential impact of the epidemic on markets and the economy, Australian shares are actually up … Read more All Ordinaries up despite coronavirus fears | Finance Report

Australian shares track higher despite increased coronavirus concern | Finance Report

Australian shares are trading higher as investors shrugged off the coronavirus’ potential economic impact — despite the World Health Organization (WHO) declaring the outbreak a global health emergency. Read more here: https://www.abc.net.au/news/2020-01-31/wall-street-volatile-coronavirus-australian-dollar-falls/11916348?section=business For more from ABC News, click here: https://ab.co/2kxYCZY You can watch more ABC News content on iview: https://ab.co/2mge4KH Subscribe to us on YouTube: … Read more Australian shares track higher despite increased coronavirus concern | Finance Report

The Australian sharemarket hits new record high | Finance Report

Australian shares have hit fresh records for the fourth straight day, driven by aggressive rate cuts by the Reserve Bank and easing US-China tensions. Read more here: https://ab.co/371RBnb For more from ABC News, click here: https://ab.co/2kxYCZY You can watch more ABC News content on iview: https://ab.co/2mge4KH Subscribe to us on YouTube: http://ab.co/1svxLVE Go deeper on … Read more The Australian sharemarket hits new record high | Finance Report

Australian Shares Fall on Corporate Profit Concerns – Carbon Tax

Australian shares today dropped sharply on Europe’s debt crisis, weak data out of the US, and concerns corporate profits will be restricted due the recently announced carbon tax plan. Prime Minister Julia Gillard yesterday outlined the nation’s controversial carbon tax plan. Under the new tax regime, Australia’s 500 biggest polluters will be charged $23 for … Read more Australian Shares Fall on Corporate Profit Concerns – Carbon Tax